Who's got the most of the LME metal stocks in the warehouse?

Please re-wording of the question is the concept of

agree with ur answers

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Hello Team,

Warehouse Rules (Load Out Rates) - Were based earlier on the LME Warehouse capacity and not based on the metal inventory at the warehouse.  - Queue wait goes as much as 55 weeks to obtain metal at Dutch port of Vlissingen, accounting for 55 percent of European stocks and 26 % of global stocks. Therefore, Cancelled Warrants not a true proxy for determining stocks at specific locations. Queues if any, need to be factored in. - Hence, the long queues lead to increase in premiums for prompt delivery in certain locations such as Johor, Malaysia. In turn, increases the acquisition cost of the consumer. Cyclically, this further impacts delivery of other metals, those that are not dominant.

One alternative that I can think of is, if the Cancelled Warrant is held by a Producer and can be certified for its use (and not mere transfer to another storage location), then they should be given higher priority in terms of loading out the metal as against the metal that is locked in a financing deal. LME is reviewing its Warehouse rule and amendments if any, will be effective from 1-Apr-2013.

 

Warehouse Ownerships & Anti-competitve practices - Some of the key exchange members/Traders are also owners of the warehouses leading to conflict of interest. One of the key players owns more than 33% of the LME registered warehouse in Malaysia - which provides larger rental incomes. Hence there is vested interest if the queue is longer. - Regional Anti-competition agencies should oversee such issues and monitor them, in order to give sanctity to exchange based delivery mechanisms.

Regards,

Saiyid

here are more than 700 LME-approved warehouses and storage facilities in about 40 locations across the USA, Europe and Asia.

The LME does not own or operate warehouses, nor does it own the material they contain. It simply authorises warehouse companies and the warehouses they operate to store LME-registered brands of metal, on behalf of warrant holders, and issue LME warrants through their London agent for material delivered into their approved warehouses.

 

 

The LME doesn't publish details of who owns what metal. However traders can sometimes get a sense of activity.

Daily stock reports play a major part in the assessment of prices quoted by market makers.

Real-time stock movement reports

The daily warehouse stock movement figures are compiled from approved warehouses into the Warehouse Stock Movement Report and published at 09.00 each morning (London time). Stock movements are reflective of the physical supply and demand of the market.

Delayed stock reports

A summary stock report providing the total amount of each of the non-ferrous metals, minor metals and steel billet is published on our website the following day.

Stock breakdown

Detailed stock breakdown reports for non-ferrous metals, minor metals and steel billet are also published the following day on the Free Data Service.

Warehouse company stocks and queue data

Report by location and warehouse company detailing:

• Queue time broken down by metal
• Opening stock for 1st of the month
• Closing stock, split by live and cancelled tonnage on the last of the month
• Total stock delivered in and out for the month.

Published by close of business (London time) on the 10th of the month, or the first business day thereafter.

View warehouse company stocks and queue data.

Monthly summary reports

Within the first seven business days of each month, a report summarising the total daily stock levels for each material is also published. This is available in Excel format below.

Sorry. No idea on this topic. 

Excellent explanations from the feedback of experts. Very useful

I fully Agree with above mention answer by experts

Thank you for invitation

This is not Area of my ​​specialization , I hope to invite you only specialists in this area

The LME doesn't publish details of who owns what metal. However traders can sometimes get a sense of activity. As of late March 2016 JPMorgan is thought to own around half of the aluminium traded on the exchange, equivalent to 1.4 million tonnes.

Agree with above mention answer by experts